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Indian Minister Says No Issue With Crypto if Laws Are Followed
19.1.2023
Rajeev Chandrasekhar, India's Minister of Information Technology, has said crypto would face no issue within the country if related laws are followed.
Speaking at an event in the southern city of Bengaluru, Chandrasekhar said there is "nothing today that outlaws crypto as long as you follow...
Germany’s N26 Bank Bucks the Trend, Seeks to Expand its Crypto Trading Offering to More Countries
19.1.2023
German digital bank N26 has announced it is increasing the number of nations where its clients are allowed to trade cryptocurrencies, adding Germany, Switzerland, Belgium, Portugal, and Ireland to the list.
“Eligible N26 customers in these markets will soon be able to trade almost...
Binance Identified as Counterparty to Anatoly Legkodymov’s Bitzlato Alleged Money Laundering Scheme
19.1.2023
Binance, the world’s largest crypto exchange by trading volume, has been identified as a counterparty to the little-known exchange Bitzlato, which is now facing money laundering charges in the US.
The controversy surrounding Bitzlato now also involves Binance, after the US Department of...
‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea
19.1.2023
South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions.
The kimchi premium is a phenomenon whereby increased trading volumes on South Korean crypto...
Russia’s Crypto Mining Bill ‘Has Stalled,’ Says Finance Ministry
19.1.2023
Russia’s crypto mining legalization bill has hit a last-minute obstacle, and the draft law’s progress has now “stalled,” the nation’s Ministry of Finance conceded.
Per Finmarket, the nation’s Deputy Finance Minister Alexei Moiseev told reporters on Wednesday that the long-awaited bill – which...
Fresh proposal for improvement in governance on Zilliqa
19.1.2023
To speed up the Zilliqa network’s decision-making process, a new proposal has been filed and made public that would reduce the quorum needed to approve votes to 8%. This was done with the help of Zilliqa’s governance platform. The entity has chosen a strategy that involves the use of...
Top Crypto Media Site CoinDesk Puts Itself Up For Sale - Is This A Sign of How Deep DCG’s Liquidity Problems Are?
19.1.2023
Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX....
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Coinbase Exits Japan Citing "Market Conditions"
18.1.2023
Cryptocurrency exchange Coinbase is exiting Japan due to market conditions. The move comes days after the company announced its third round of layoffs in less than a year amid the ongoing bear market.
In a Wednesday blog post, the exchange said it has made the "difficult decision" to halt...
Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset Class?
18.1.2023
As more and more crypto companies face scrutiny – and some throw in the towel after a rough bear market - questions are being raised whether that could be a good thing for crypto after all....
Read More: Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital...
Polygon PoS network’s Hardfork upgrade is now live
18.1.2023
On January 17, 2023, at 10:45 UTC, Polygon (MATIC), a layer-2 scaling protocol on Ethereum, finally launched its hardfork update and is currently operational on its network. This new version, V0.3.1, was created primarily to reduce gas spikes and address chain reorganization issues that have...
Major network upgrades so far, all you need to know
18.1.2023
Top network upgrades and how they affect crypto prices Continuous innovation and upgrades of blockchain networks have become mandatory if a crypto project wants to witness massive success from rising prices. Mainnet includes the main network where the actual transactions occur on distributed...
Filecoin Foundation ventures into space with IPFS
18.1.2023
Filecoin Foundation, responsible for facilitating the governance of the Filecoin Network, has announced its first-ever mission of deploying a decentralized filing system by leveraging the Interplanetary File System (IPFS) with the objective of improving communication among planets. The mission will...
Coincheck Owner Is ‘Interested’ in FTX Japan as Bidding Deadline Nears
18.1.2023
The Japanese securities giant Monex Group – the owner of the Coincheck crypto exchange – has suggested that it may move to buy FTX Japan....
Read More: Coincheck Owner Is ‘Interested’ in FTX Japan as Bidding Deadline Nears
Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon
18.1.2023
Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.
Silvergate posted its fourth-quarter results on Tuesday, reporting a net loss of $1 billion for...
Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits
17.1.2023
The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers.
In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where...
Unmarshal now supports Moonbeam Network
17.1.2023
Unmarshal has published a blog post to announce that it has added support for Moonbeam Network as a part of regularly adding support for multiple chains. The integration of the endpoints of Unmarshal with Moonbeam Network will allow users to query blockchain data while architecting an application...
Kevin O’Leary Says Crypto is Getting "Very Interesting" - Here's Why
17.1.2023
Investor and Shark Tank star Kevin O'Leary has said crypto is getting "very interesting" as the recent events have forced lawmakers to push for a solid regulatory framework....
Read More: Kevin O’Leary Says Crypto is Getting "Very Interesting" - Here's Why
Want to Buy Distressed Crypto Assets? 3AC Founders May Be Creating an Exchange For That Called GTX
17.1.2023
The founders of now-bankrupt crypto hedge fund Three Arrows Capital and troubled crypto exchange CoinFlex have teamed up to create a new exchange focused on the claims of failed crypto projects.
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC),...
Multiple South Korean Firms Reportedly ‘Preparing Security Token Offering Platforms’
17.1.2023
A number of South Korean firms are preparing to launch security token offering (STO)-related services this year. And they are hopeful that regulators will give them the green light to get started this month.
Busan Ilbo reported that a number of major domestic companies are now keenly awaiting...
Japanese Power Giant TEPCO Explains Crypto Mining Plans
16.1.2023
Tokyo Electric Power (TEPCO), Japan’s biggest power provider, has explained how it is planning to make use of surplus renewable electricity to power its bitcoin (BTC) and altcoin mining operations.
TEPCO first unveiled its mining plans late last year, providing a boost to local crypto markets....